Scape goat the baby boomers rob the Social Security fund and cut and reduce S.S. benifits. The American people will love to have A CNN created enemy ,(baby Boomers) down play their 50 years of contibuting their payroll S.S. withholdings.
Just like the financial bubble that has burst USA leaders know quite well that this new bubble they are creating is also going to explode. These people are NOT stupid! They are simply BUYING some time! They have some other plans. They are preparing for the WW3! And that bubble would certainly blow dearly...
He's right about cutting spending. Canada cut spending and raised taxes slightly in the early 90s and created a surplus. As we started paying down the debt the government suddenly was freeing up resources to put back into the budgets. It's short term pain for long term gain. Paying interest on debts is like flushing money down a banker toilet.
PS is right about the economic theory being badly taught in university.Ive got a Business and Economics degree from the UK and Ive learnt more in the last 12 months from PS than 5 years from school and university.
You are right but what make him even more mad is that these guys are taking this country down the sh*tter. It has to be extremely hard to have seen this coming and still when asked what he would do he gets very little respect from the mainstream.
Peter has been ranting about the goverment policies since the banks 7 bilions bailouts. But every week he gets more and more workout because the goverment wont stop the madness.
The paradox is that what the goverment is doing is horribly bad for the USA but very good for Peter investments.
I believe they are trying to purposely crash the economy to forward their agenda. This was all predicted in the Bible. The Bible says the spirit of iniquity is already at work. Perfectly describes what's going on in the world today.
hey bud, its people like you who make sure people with brains wont listen to Schiff. im glad you support Schiff but please dont let potential listeners smell you, thanks!
I agree. This is already prophesied and ordained to happen. The world will be judged. What is funny is how people are angry this will occur like they can prevent it. They can't. It will happen. Best repent and turn to Christ, because life on this earth is coming to a close, yet man's fallible, limited, foolish wisdom thinks he can fix it. God laughs at our wisdom apart from him. What is most important is where will you spend eternity, because 100% of people die.
Your religious beliefs are your own. Keep them to yourself. This is Economics; when you drag religion and such into it, people will NOT take you seriously - at best. Schiff is discussing serious real stuff, which can ruin lives and nations, and you're dragging into the discussion superfluous mysticism, mythology and illogical belief systems. Everything has its place, the Bible has no business being discussed HERE.
There is some arrogance with many economists and politicians regarding our country. They think our country is so powerful that we can postpone dealing with any problems to a later date. Unfortunately our economy is now in such poor shape that their old prescription of spending our way out of a recession is going to absolutely backfire.
i couldn't agree more. our government has taken on a bankers mentality, one of educated fools. Thats why the CC companies reduce credit when people pay it off; therefore punishing those that pay more than the minumum. Thats why the savers are punished for saving, and are forced to risk their hard earned savings.
we are in big troube; the financial elitist dictatorship controls the country, and they own our politicians through corrupt corporations..just look at NM gov Richardson, NWO whore.
Scape goat the baby boomers rob the Social Security fund and cut and reduce S.S. benifits. The American people will love to have A CNN created enemy ,(baby Boomers) down play their 50 years of contibuting their payroll S.S. withholdings.
jobedied 3 years ago
100% correct
Ace0414 3 years ago
Just like the financial bubble that has burst USA leaders know quite well that this new bubble they are creating is also going to explode. These people are NOT stupid! They are simply BUYING some time! They have some other plans. They are preparing for the WW3! And that bubble would certainly blow dearly...
Igor707 3 years ago
"The paradox is that what the goverment is doing is horribly bad for the USA but very good for Peter investments."
Not really a paradox.
Is it a paradox for a house builder to run down the street warning folks a tornado is coming. If there really is??
Grumblingone 3 years ago
He's right about cutting spending. Canada cut spending and raised taxes slightly in the early 90s and created a surplus. As we started paying down the debt the government suddenly was freeing up resources to put back into the budgets. It's short term pain for long term gain. Paying interest on debts is like flushing money down a banker toilet.
trevormac77 3 years ago
what's wrong with saying "it's going to come back to us in spades?"
eesloan4 3 years ago
I dont know, "what's wrong with saying"? "it's going to come back to us in spades?"
putittogether 3 years ago
I'm guessing there's a racial connotation. I always that it had something to do with cards myself :)
trevormac77 3 years ago
America is a fat F**k Start the diet NOW!!
cevod123 3 years ago
PS is right about the economic theory being badly taught in university.Ive got a Business and Economics degree from the UK and Ive learnt more in the last 12 months from PS than 5 years from school and university.
pieaficionado 3 years ago 9
Peter seems angry. I guess he hates Obama's phony stimulus plan more than I do.
stewart0312 3 years ago 9
You are right but what make him even more mad is that these guys are taking this country down the sh*tter. It has to be extremely hard to have seen this coming and still when asked what he would do he gets very little respect from the mainstream.
cevod123 3 years ago
Peter has been ranting about the goverment policies since the banks 7 bilions bailouts. But every week he gets more and more workout because the goverment wont stop the madness.
The paradox is that what the goverment is doing is horribly bad for the USA but very good for Peter investments.
hugolp 3 years ago
I believe they are trying to purposely crash the economy to forward their agenda. This was all predicted in the Bible. The Bible says the spirit of iniquity is already at work. Perfectly describes what's going on in the world today.
psxwarrior 3 years ago
hey bud, its people like you who make sure people with brains wont listen to Schiff. im glad you support Schiff but please dont let potential listeners smell you, thanks!
patrikkorda 3 years ago
I agree. This is already prophesied and ordained to happen. The world will be judged. What is funny is how people are angry this will occur like they can prevent it. They can't. It will happen. Best repent and turn to Christ, because life on this earth is coming to a close, yet man's fallible, limited, foolish wisdom thinks he can fix it. God laughs at our wisdom apart from him. What is most important is where will you spend eternity, because 100% of people die.
nlspears02 3 years ago
Your religious beliefs are your own. Keep them to yourself. This is Economics; when you drag religion and such into it, people will NOT take you seriously - at best. Schiff is discussing serious real stuff, which can ruin lives and nations, and you're dragging into the discussion superfluous mysticism, mythology and illogical belief systems. Everything has its place, the Bible has no business being discussed HERE.
jazzbanjobanjoman 3 years ago
There is some arrogance with many economists and politicians regarding our country. They think our country is so powerful that we can postpone dealing with any problems to a later date. Unfortunately our economy is now in such poor shape that their old prescription of spending our way out of a recession is going to absolutely backfire.
madcubano1 3 years ago 3
peter schiff = voice of reason.
thanx for posting this.
BrandorT 3 years ago 16
i couldn't agree more. our government has taken on a bankers mentality, one of educated fools. Thats why the CC companies reduce credit when people pay it off; therefore punishing those that pay more than the minumum. Thats why the savers are punished for saving, and are forced to risk their hard earned savings.
we are in big troube; the financial elitist dictatorship controls the country, and they own our politicians through corrupt corporations..just look at NM gov Richardson, NWO whore.
psbyowner 3 years ago